UBS fined £29.7-mn over Adoboli scandal: regulator

Britain's financial regulator said on Monday it had fined Swiss bank UBS £29.7 million (36.7 million euros, $47.6 million) for failings that allowed Kweku Adoboli to commit the country's biggest fraud.

Adoboli, 32, was jailed last week for seven years after gambling away $2.3 billion (1.8 billion euros) of the lender's money.